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Payment Processors  

Posted by Onliners Club

Just reading the internet alone searching for the right income opportunity can be very overwhelming. There are so much companies saying they are the best and that you should join them or work for them. But what really is the best for you? That you should ask yourself. It will depend on what you really want to achieve.

First ask yourself how much time you want to devote to this. Because just like any other business you cant just set up something and leave it afterwards and expect to earn just like that. The same with any other job no one will ever pay you if you will not work. This is no different. This is still a job, still a business. The only difference here is you are the boss of your own and not looking up to others on what you they want you to do. Here, you can work on your own time. work wherever and whenever you want and you can earn how much you want depending on your efforts.

If you are totally new to this avenue of online earning you may want to familiarize yourself first with some terms that would be useful in your journey towards earnings. There are so many questions that can think of and first thing is how are you going to be paid if you work online or do business online?

Payment Processors. This is something that we must first understand. In order to join or work on something on the internet we should check first the payment processor used by the company. It is important so you can determine how you get paid once you start earning from them. Below are examples of payment processors that are commonly used.


PayPal

PayPal is an e-commerce business allowing payments and money transfers to be made through the Internet. PayPal serves as an electronic alternative to traditional paper methods such as checks and money orders.

A PayPal account can be funded with an electronic debit from a bank account or by a credit card. The recipient of a PayPal transfer can either request a check from PayPal, establish their own PayPal deposit account or request a transfer to their bank account. PayPal is an example of a payment intermediary service that facilitates worldwide e-commerce.

PayPal performs payment processing for online vendors, auction sites, and other commercial users, for which it charges a fee. It sometimes also charges a transaction fee for receiving money (a percentage of the amount sent plus an additional fixed amount). The fees charged depend on the currency used, the payment option used, the country of the sender, the country of the recipient, the amount sent and the recipient's account type.


Alertpay

Alerypay is an online payment processor that is privately owned and operated. Alerypay's online payment system provides companies and individuals with the ability to pay and receive payments entirely online, allowing for rapid fund transfer of funds. Alertpay users have the capability to transfer funds without making public any financial or personal information about themselves, the recipient, or the transaction.


E-gold

E-gold is an electronic currency, issued by e-gold Ltd., a Nevis corporation, 100% backed at all times by gold bullion in allocated storage.

Other e-metals are also issued: e-silver is 100% backed by silver, e-platinum is 100% backed by platinum, and e-palladium is 100% backed by palladium. However, the most popular e-metal (by an overwhelming margin) is e-gold.

E-gold is integrated into an account based payment system that empowers people to use gold as money. Specifically, the e-gold payment system enables people to Spend specified weights of gold to other e-gold accounts. Only the ownership changes - the gold in the treasury grade vault stays put.


Liberty Reserve (LR)

Liberty Reserve is an online payment system and provider of digital gold currency (LR-gold). They are an offshoer company incorporated in Costa Rica, launching their USD backed digital currency (LR-USD) in 2002 and they also have a Euro backed digital currency (LR-EUR). Their gold backed digital currency was launched in 2005. Liberty Reserve is a member of the Global Digital Currency Association (GDCA), a voluntary regulatory body in the industry.

There are a lot of other payment processors aside from those mentioned here. This is just to give you an idea of what this are all about. In choosing a business online, its either you pay for something or they pay you for your work done. So its best to check how you are going to do with the transaction. So you will need to know all this.